Comments on: Best Canadian Online Brokerages

By: Cee

Cee — Tue, 06 Mar 2007 18:32:50 +0000

does anyone have any info on “part time trading for full time profits”? I came across it and it peaked my interest

By: zaydoun

zaydoun — Fri, 22 Sep 2006 01:19:38 +0000

thanks a lot

By: Canadian Capitalist

Canadian Capitalist — Thu, 21 Sep 2006 18:48:24 +0000

You pay a commission when you buy AND when you sell your shares.

Let’s take an example. Let’s say the commission is $20. Let’s say you buy 100 shares of stock X for $20. You would pay $20*100+ $20 = $2,020.

If you sell the same stock X later for $10. You’d be left with $10*100 – $20 = $980.

By: zaydoun

zaydoun — Thu, 21 Sep 2006 18:27:20 +0000

thanks, but sorry, i wasn’t clear.
The commision, is taken when i buy shares, or when I sell shares, or taken either when i buy, and when i sell.

By: Canadian Capitalist

Canadian Capitalist — Thu, 21 Sep 2006 13:59:04 +0000

Commissions are on every trade you make. I don’t understand exactly what you mean when you say “I make only 10 bucks”. If you sell 500 shares at a $1 each, you’ll be left with $500 minus commissions.

By: zaydoun

zaydoun — Thu, 21 Sep 2006 04:59:06 +0000

I have no idea about investments, but i think this is a dumb question, but i really need to ask it, because it’s not clear for me.
When for example E Trade says it gets a 19.99 commision, is it like a monthly fee, or is it on every trade u make. let’s say i have 500 in stocks, and sells them, and i make only 10 bucks, they take 19.99 from that trade?

thanks a lot for answering and sorry for my ignorance.

By: Hersh

Hersh — Wed, 20 Sep 2006 02:34:57 +0000

Just a head’s up. I noticed that E*Trade will pay your transfer fees (provided you transfer more then 25k). https://www.canada.etrade.com/pages/powere/concierge.shtml

By: Joan McCulley

Joan McCulley — Wed, 20 Sep 2006 01:42:14 +0000

That article was interesting, because they overlooked Trade Freedom which operates out of Montreal, and charges 9.99 per equity trade and you don’t need 50,000. to get this price. They also offer Recognia at no charge.

By: Alex Givant

Alex Givant — Tue, 19 Sep 2006 14:59:57 +0000

Seems they managed to be good for sharholders by screwing their customers

By: growth in value

growth in value — Mon, 18 Sep 2006 21:21:39 +0000

I’m shocked — SHOCKED — that RBC’s offering doesn’t lead the pack.

It’s beyond me how Royal manages to be such a fantastic stock to own, because any dealings I ever have with them always leave me with a bad taste in my mouth